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Women of Color Small Business Owners: Access to Birth Control Is Vital To Our Success

11/14/2017

Black Enterprise

Topics:

Healthcare, Women's Economic Empowerment

A new poll by the advocacy group Small Business Majority surveyed 507 female entrepreneurs and discovered that 56% said that access to birth control and the ability to decide if and when to have children allowed them to advance in their careers and start their businesses. The poll, which included oversamples of African American and Latina small business owners, found reproductive healthcare is especially important to women entrepreneurs.

With the move by the Trump administration to roll back this requirement, the Small Business Majority contends that it’s important to understand the...

Obamacare confusion

11/14/2017

Chicago Sun-Times

Topics:

Healthcare, General Small Business

There is a lot of confusion and misinformation right now about the future of the Affordable Care Act and open enrollment for purchasing healthcare through Healthcare.gov. Many solo entrepreneurs and small business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small business owners learn about their options and get covered early.

Get Started: House committee OKs small business tax changes

11/13/2017

The Washington Post

Topics:

Tax and Budget Reform

Small business advocates were split about the revised House bill. "It includes real tax relief, allowing small business owners to keep more of their money to invest in growth and create new jobs," said Juanita Duggan, CEO of the National Federation of Independent Business.

But John Arensmeyer, CEO of the Small Business Majority, said that in the new House version, "the bulk of benefits are still going to large corporations and wealthy individuals rather than Main Street." The Senate version also favors the wealthiest corporations rather than small companies, he...

Small-business owners should learn health care options

11/12/2017

St. Louis Post-Dispatch

Topics:

Healthcare

There is a lot of confusion and misinformation right now about the future of the Affordable Care Act and open enrollment for purchasing health care through Healthcare.gov. Many solo entrepreneurs and small-business employees rely on the ACA marketplaces for their health insurance, so it’s crucial that small-business owners learn about their options and get covered early.

Nathan Proctor: Republican assault on small business

11/10/2017

The Berkshire Eagle

Topics:

Tax and Budget Reform

It's hard enough to compete with big companies as a small business, and the federal government shouldn't make matters worse by letting big companies avoid their responsibilities. Instead of closing these loopholes, the bill moving forward in Congress right now would make them worse. They would slash the tax bill owed by offshoring companies by hundreds of billions of dollars and widen loopholes that reward offshoring moving forward.

According to Small Business Majority, the tax provisions which tax writers claim will help small business won't do much. The cut on...

Black Businesses In Chicago Have Chance At $500,000 Through Online Portal

11/07/2017

The Maven

Topics:

Access to Capital

This project is SimpleGrowth, a new online lending marketplace, a combined venture between the national advocacy group Small Business Majority, a national online lender Fundera, and micro-lender Accion.

Things May Have Just Got Easier for Entrepreneurs in Chicago

11/07/2017

Ebony

Topics:

Access to Capital, General Small Business

Small Business Majority, Fundera and Accion have developed SimpleGrowth, an online lending marketplace. The first of its kind online financial resource platform allows Black entrepreneurs in the city to connect will lenders with the click of a button.

Big business is a big winner of GOP small business tax plan

11/07/2017

The Washington Post

Topics:

Tax and Budget Reform

House GOP leaders have hailed their new tax proposals as helping the small-business owner, but small-business associations say they help big enterprises, not small ones, and vowed Tuesday to sink the bill in its current form.

John Arensmeyer, head of the Small Business Majority, said the pass-through provision would benefit only 2 percent of small businesses. And he disagrees with Ryan when the speaker says that small businesses would benefit from the abolition of estate taxes; Arensmeyer said about 20 small businesses a year are big enough to trigger estate taxes.

Get Started: Mixed small business reception for GOP tax plan

The GOP's proposed tax overhaul is getting a mixed reaction from small business advocates, with some saying they hope the plan will be revised as it makes its way through Congress.

Small Business Majority CEO John Arensmeyer said, "nearly nine in 10 businesses that pass through their income already pay at the 25 percent rate or less," and said the bill would help wealthy individuals more than small businesses.

Tax plan scapegoats small businesses: Letter to the editor

11/05/2017

The Oregonian

Topics:

Tax and Budget Reform

Small business owners already feel the current tax system unfairly favors big business which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.

Small business reaction to new GOP tax plan

Trump's tax reform: All the benefits for big business?

11/03/2017

Fox Business

Topics:

Tax and Budget Reform

The GOP released its tax reform framework on Thursday, which it is heralding as a blueprint to boost growth for U.S. businesses both large and small, but larger corporations appeared more satisfied with the proposals than their smaller counterparts.

Similarly, the founder and CEO of the Small Business Majority John Arensmeyer said the bill would drive up the deficit while doing “virtually nothing” to benefit America’s small businesses.

These powerful business groups hate the GOP tax plan

11/03/2017

CNN Money

Topics:

Tax and Budget Reform

Most small businesses are set up as "pass-throughs," meaning their profits are passed through to the owners, shareholders and partners, who pay tax on them through their personal returns. The GOP tax bill slashes the pass-through tax rate to 25%.

However, small business owners fear this won't help the vast majority of them because most already pay taxes at a 25% rate or less. "This proposal would primarily help wealthy individuals rather than small businesses," according to John Arensmeyer, CEO of the Small Business Majority, another advocacy group....

New Online Portal Offers Loans Up to $500,000 to African American Entrepreneurs in Chicago

11/03/2017

Black Enterprise

Topics:

Access to Capital, General Small Business

The national advocacy group Small Business Majority, national online lender Fundera, and micro-lender Accion have developed SimpleGrowth, a new online lending marketplace. Calling SimpleGrowth a first-of-its-kind local lending portal, officials say the platform will allow African American entrepreneurs in Chicago to connect with area lenders via a website.

John Arensmeyer, Small Business Majority founder and CEO, says lack of access to capital for small businesses is a major problem and is throttling our economy. “Small business owners represent 99% of employer firms, but many who...

Inside the Tax Bill: Entrepreneurs Are Losers

11/03/2017

Inc

Topics:

Tax and Budget Reform

About 95 percent of the companies in the U.S. are structured as pass-through businesses. However, to prevent the rate from becoming a loophole for individuals, tax writers created a formula that will make business owners pay a higher individual tax rate on income that they receive as wages. This has angered some entrepreneurs, including the Small Business Majority, a left-leaning advocacy organization, which wrote in a statement that slashing the pass-through rate would help very few owners.

Republican Tax Plan, Small Business on the Hook

11/03/2017

Tampa Bay Times

Topics:

Tax and Budget Reform

Small business owners already feel the current tax system unfairly favors big business, which was underscored by a recent opinion poll from Small Business Majority. The poll also found small businesses want tax reform to make the system more fair rather than simply handing out tax cuts.